Final answer:
The 95% confidence interval for the sample proportion of employees planning to take an extended vacation is approximately 0.10 to 0.23. This was calculated using the sample proportion and applying the z-score for the 95% confidence level. Option 1 is the correct answer.
Step-by-step explanation:
To calculate the 95% confidence interval for a population proportion based on the sample, we use the formula:
Confidence Interval = π ± Z * √(π(1 - π) / n)
Where π is the sample proportion, Z is the z-score corresponding to the confidence level (in this case, 1.96 for 95%), and n is the sample size.
Let's calculate the sample proportion (p) first:
p = number of favorable responses / total responses
p = 21 / 125
p = 0.168
Now, we use the standard error of the sample proportion formula:
Standard error (SE) = √(p(1 - p) / n)
SE = √(0.168(1 - 0.168) / 125)
SE = 0.0335
Now we can calculate the confidence interval:
Confidence Interval = 0.168 ± 1.96 * 0.0335
Upper Limit = 0.168 + (1.96 * 0.0335) = 0.235
Lower Limit = 0.168 - (1.96 * 0.0335) = 0.101
Therefore, the 95% confidence interval is approximately 0.10 to 0.23.
The correct answer from the options provided is 0.10 to 0.23.